About This Property
Land in Lake Worth
Rare development opportunity in Lake Worth Beach. 0.91 acre multifamily development site with an approved site plan for a 10-unit, 2-story multifamily residential project. The property is zoned RM (Medium Density Multifamily) with Future Land Use MR-5 and allows a variety of residential development strategies. Approved plans include 10 residential units, 23 parking spaces, recreation area, and site infrastructure already designed, significantly reducing entitlement timeline and development risk. This project offers multiple potential exit strategies for developers and investors, including building the approved 10-unit multifamily rental project, redesigning into townhomes for individual sale, or exploring alternative residential configurations within the existing zoning.
Features & Amenities
Property Highlights
Sewer
- Public Sewer
Fencing
- None
Utilities
- Electricity Available
- Sewer Available
- Water Available
Possession
- Close Of Escrow
Current Use
- Multi-Family
WaterSource
- Public
Possible Use
- Multi-Family
Water Source
- Public
Listing Terms
- Cash
- Conventional
Tax Information
- County Only
Road Surface Type
- Paved
Development Status
- Site Plan Approved
Road Frontage Type
- City Street
Acreage Description
- 12 To Less Than 1 Acre Lot
- Less Than 1 Acre Lot
Documents Available
- Plans
- Soil Boring Test
- Survey
Environmental Audit
- None
Elevation Description
- 0-5 Feet Above Sea Level
SpecialListingConditions
- Standard
Special Listing Conditions
- Standard
Specifications
Property Details
Location